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Forex.com Review
A major forex/CFD broker (part of StoneX) operating regulated spot forex in the US and forex + CFDs in the UK/EU, with broad platform support.
Best for
- US forex traders
- UK/EU forex & CFD traders
- MetaTrader/TradingView users
Not best for
- You want US stock investing
- You dislike leverage products
Our verdict & scoring
Forex.com is a large, established broker offering regulated spot forex to US clients (no CFDs, which are banned for US retail) and forex plus CFDs in the UK/EU. Backed by StoneX, it supports its own platforms plus MetaTrader and TradingView, with deep FX liquidity and research.
Scores are based on our review methodology. Affiliate relationships do not buy higher ratings.
Who should actually use Forex.com
Forex.com suits dedicated currency traders on both sides of the Atlantic: US clients get CFTC/NFA-regulated spot forex (CFDs are banned for US retail), while UK/EU clients add CFDs on indices and commodities under FCA/ESMA rules. Backing from StoneX brings deep FX liquidity and strong research, and platform support spans its own apps plus MetaTrader and TradingView. It's not a venue for stock investing, and leverage-averse traders should look elsewhere.
What we'd change
Fees vary by account type (spread-based vs commission plus raw spread), so comparing your true cost takes some work. Overnight financing applies to leveraged positions, an inactivity fee can bite dormant accounts, and spreads can widen in volatility. The $100 minimum deposit is modest but not zero.
How it compares to IG
The deciding factor is usually residency and breadth. Forex.com serves US spot-forex traders — IG's CFD business doesn't. For UK/EU traders, IG is the larger LSE-listed institution with thousands of markets, share dealing and UK spread betting, while Forex.com is more focused on FX with strong MetaTrader/TradingView support and StoneX backing. Pure currency traders (especially in the US) lean Forex.com; UK/EU traders wanting maximum market range lean IG.
Pros
- Available to US forex traders
- Broad platform support (MT4/5, TradingView)
- Strong research
Cons
- CFDs are high-risk (UK/EU only)
- Not for stock investors
- Fees vary by account type
Fees & hidden costs explained
Spread-based or commission + raw spread accounts; overnight financing on leveraged positions.
Safety, regulation & availability
US: GAIN Capital Group (FOREX.com) is CFTC-registered and an NFA member for spot forex (no CFDs for US retail). UK: FOREX.com is operated by StoneX Financial Ltd, FCA-authorised (FRN 446717) — the former GAIN Capital – FOREX.com UK entity (FRN 113942) is no longer authorised. EU: regulated entity with ESMA leverage caps and negative-balance protection.
Account protection: US forex is not SIPC-insured. UK: FSCS eligibility up to £85,000 via the UK entity — verify per product.
Available to retail traders in:
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Frequently asked questions
Can US traders use Forex.com?
Yes — for spot forex. GAIN Capital Group (FOREX.com) is CFTC-registered and an NFA member. CFDs are not offered to US retail traders; the CFD range is UK/EU-only.
Who owns Forex.com?
Forex.com is part of StoneX. In the UK it operates via StoneX Financial Ltd, which is FCA-authorised (FRN 446717).
Is my money protected at Forex.com?
US forex accounts are not SIPC-insured — that applies to US spot forex generally. UK clients may have FSCS eligibility up to £85,000 via the UK entity; verify per product.
Which platforms does Forex.com support?
Its own web and mobile platforms plus MetaTrader and TradingView.
What is the minimum deposit at Forex.com?
$100.
How does Forex.com charge?
Spread-based accounts or commission plus raw spread, with overnight financing on leveraged positions. Watch for the inactivity fee and spread widening in volatile markets.
Official sources
Risk warning: Trading stocks, options, futures, forex, crypto, CFDs and funded accounts involves risk. You can lose money. This website is educational only and does not provide financial, investment, tax or legal advice.
Leverage, volatility, fees, spreads, liquidity and platform rules can increase losses.
Affiliate disclosure: We may earn a commission when you click some links on our site. This does not cost you extra. Our comparisons are educational and transparent, and our rankings are not affected by commissions.